John Hancock Cleared for $14 Million 401(k) Fund Settlement

June 3, 2021

The John Hancock Tower, right, stands in the city skyline in Boston, Mass., Oct. 7, 2014. A proposed class action complaint filed in the U.S. District Court of the District of Massachusetts on Feb. 27, 2020, accused the life insurance company of filling its 401(k) funds with expensive and poorly performing affiliated investment options.

Photographer: Scott Eisen/Bloomberg